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<p>[QUOTE="usc96, post: 8122375, member: 25676"]There is a coin of a type I collect that I have watched get listed and relisted over and over again on eBay for 6 months now. The seller set the starting price for his first auction at $18,000, which is 2x or more likely 3x what the coin would get at one of the national coin auctions. </p><p><br /></p><p>It is a series I collect, so I see it sit there every week with ZERO bids until the auction time runs. A day or two later it pops up again with another weeklong auction. Rinse, wash, repeat. For a while there the seller was dropping the starting price by $1,000 every couple of weeks, so I figured I would wait until he got down to $6,000, then make a reasonable offer, but he stopped dropping the auction start price when he got to $15,000. </p><p><br /></p><p>I suspect the offering party is buried, because he displays the coin sitting on top of the 2011 invoice showing he paid just shy of $14,000 to one of the national coin and bullion dealers that pitches numismatic "investments" to their customers.</p><p><br /></p><p>All of seller's other items are under $200, so this one expensive coin is a real outlier for him.[/QUOTE]</p><p><br /></p>
[QUOTE="usc96, post: 8122375, member: 25676"]There is a coin of a type I collect that I have watched get listed and relisted over and over again on eBay for 6 months now. The seller set the starting price for his first auction at $18,000, which is 2x or more likely 3x what the coin would get at one of the national coin auctions. It is a series I collect, so I see it sit there every week with ZERO bids until the auction time runs. A day or two later it pops up again with another weeklong auction. Rinse, wash, repeat. For a while there the seller was dropping the starting price by $1,000 every couple of weeks, so I figured I would wait until he got down to $6,000, then make a reasonable offer, but he stopped dropping the auction start price when he got to $15,000. I suspect the offering party is buried, because he displays the coin sitting on top of the 2011 invoice showing he paid just shy of $14,000 to one of the national coin and bullion dealers that pitches numismatic "investments" to their customers. All of seller's other items are under $200, so this one expensive coin is a real outlier for him.[/QUOTE]
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